Intrepid Potash, Aquatech, and Adionics Complete Lithium Development Project Testing
Intrepid Potash, Aquatech International, and Adionics announce progress on their lithium development project in Wendover, Utah, with the successful completion of test work to produce a battery-grade lithium carbonate from byproduct brine at Intrepid's Wendover, Utah potash facility. The potential to develop a lithium processing facility in Wendover, Utah has continued to progress as Adionics and Aquatech successfully produced battery-grade lithium carbonate in a demonstration test of Intrepid's Wendover brine. The testing results achieved a lithium extraction rate of 92.9%, producing an overall lithium chloride purity above 99.5%. The lithium that was produced from Adionics' facility was further processed by Aquatech to validate the conversion and refining to battery-grade lithium carbonate. In additional testing, Aquatech successfully converted the lithium-rich brine to a greater than or equal to99.5% lithium carbonate product, meeting key specifications for battery manufacturing. With the successful testing results, the parties will continue to move forward under the current Joint Development Agreement with their evaluation of a lithium facility in Wendover.
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Intrepid Potash, Partners Advance Lithium Production at Utah Project
Intrepid Potash Achieves 92.9% Lithium Extraction Rate in Utah Project
- Successful Lithium Extraction: Intrepid, in collaboration with Aquatech and Adionics, has successfully completed tests to extract battery-grade lithium carbonate in Wendover, Utah, achieving a lithium extraction rate of 92.9%, which will significantly advance the development of lithium resources in the U.S. to meet the growing battery market demand.
- High-Purity Product: The test results indicate that the produced lithium chloride has a purity exceeding 99.5%, not only meeting key specifications for battery manufacturing but also establishing a strong foundation for Intrepid's competitiveness in the lithium market, which is expected to enhance the company's overall profit margins.
- Joint Development Agreement: Under the Joint Development Agreement, the three parties plan to complete feasibility studies for a 5,000 metric tonne lithium extraction facility by 2026, leveraging Intrepid's existing infrastructure to accelerate project design and development, which is anticipated to expedite the localization of lithium production in the U.S.
- Technological Advantage: Adionics' liquid-liquid direct lithium extraction technology is expected to efficiently recover lithium from complex brine, and combined with Aquatech's expertise, it is projected to produce lithium at an attractive marginal cost, further enhancing Intrepid's market position in critical minerals.
